Category Archives: Politics & Government

Euro debt news lifts stocks after last week’s loss

June 27, 2011     No comments

Signs that a widespread European debt crisis could be averted helped send stocks up Monday.

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Euro debt news lifts stocks after last week’s loss

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French banks ready for big Greek debt rollover

June 27, 2011     No comments

French banks are ready to help troubled Greece by accepting a significant debt rollover, President Nicolas Sarkozy said Monday, a move that could push other banks to pitch in to the Europe-wide effort to keep Athens from defaulting.

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French banks ready for big Greek debt rollover

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Auditor Warns of Risks From Local Debt in China

June 27, 2011     No comments

Local government debt reached $1.6 trillion, or 27 percent of gross domestic product, last year, the auditor said.

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Auditor Warns of Risks From Local Debt in China

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China audits local government finances in debt clean-up

June 27, 2011     No comments

China released a comprehensive review of the massive debt of its local governments on Monday and curtailed their future borrowing, taking its first major step to prevent widespread defaults from destabilizing its vast economy.

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China audits local government finances in debt clean-up

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CBO: Debt crisis looms absent major policy changes

June 23, 2011     No comments

The rapidly growing national debt could soon spark a European-style crisis unless Congress moves forcefully, the Congressional Budget Office warned Wednesday in a study that underscored the stakes for Vice President Joe Biden and negotiators working on a sweeping plan to reduce red ink.

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CBO: Debt crisis looms absent major policy changes

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Merkel warns against Greek debt restructuring

June 22, 2011     No comments

A full-scale restructuring of Greek debt would have “completely uncontrollable” effects on financial markets and could threaten other countries’ stability, German Chancellor Angela Merkel warned on Wednesday.

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Merkel warns against Greek debt restructuring

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Greek debt crisis: Juncker warns of contagion

June 18, 2011     No comments

Contagion from the Greek debt crisis could spread to at least five other European countries — including Belgium or even Italy — if it is not cautiously managed, the head of the eurozone group warned Saturday.

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Greek debt crisis: Juncker warns of contagion

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Spanish public debt hits 13-year high

June 17, 2011     No comments

Spanish public debt hit a 13-year high in the first quarter of 2011 and shattered a key European Union ceiling designed to ensure strong state finances, Bank of Spain figures showed Friday.

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Spanish public debt hits 13-year high

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Odds Just 1 in 3 on Deal to Raise Debt Ceiling

June 13, 2011     No comments

Public outcry encourages GOP to win spending cuts first.

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Odds Just 1 in 3 on Deal to Raise Debt Ceiling

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Debt Collectors Ask to Be Paid a Little Respect

June 13, 2011     No comments

Debt collectors are well aware that they are not a sympathetic lot, but the industry trade association has begun a charm offensive.

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Debt Collectors Ask to Be Paid a Little Respect

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